A faltering gross domestic product isn’t the only figure that suggests tthe German economy is stuttering.
China to end Ant Group’s regulatory revamp with fine of at least $1.1 billion, Reuters reports
The People’s Bank of China has been driving the revamp at Ant after its $37 billion IPO was scuttled in late 2020.
China to ban food imports from Japan citing concerns over nuclear contaminated water
The ban was to prevent the export of radioactive contaminated Japanese food to China and protect the food safety of Chinese consumers’ imports.
Samsung estimates profits plunged 96% in the second quarter
Companies are grappling with excess chip inventories as consumers buy fewer electronics due to inflation. As a result, prices for memory chips have fallen.
Asia markets extend declines as U.S. jobs data triggers sell-off on Wall Street
Wall Street sold off on stronger-than-expected U.S. jobs data, leaving room for more rate hikes ahead by the Federal Reserve.
Zoom is ‘extremely optimistic’ about growth in Asia-Pacific despite weaker outlook
Zoom is “doubling down” on its technical investments in the Asia-Pacific region as it seeks to strengthen growth, said the video communications company.
Potential Taiwan conflict will hit these 3 countries the hardest, EIU report says
To be clear, the EIU assesses the risk of a direct Chinese military assault on Taiwan as “very unlikely.”
A ‘nice’ workplace culture may be more toxic than you think, says this NYU professor
“There’s this false dichotomy of: If you’re critical, that means you are toxic … But nice isn’t always better. Sometimes nice is a cop out,” said Tessa West.
Morgan Stanley reveals 6 of its top China stocks, including a chipmaker it expects to soar 80%
Morgan Stanley has named a slew of Chinese stocks, including Alibaba and Baidu, it says are set to outperform, despite “uncertain market conditions.”
Goldman Sachs issues its verdict on generative A.I. and names top stocks to play it
Goldman’s analysts addressed investor concerns over rallies like Nvidia’s 190% rise in stock price this year.
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